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TF Metals Report: Morgan can break the Comex in gold
6:35p PT Sunday, January 19, 2014
Dear Friend of GATA and Gold:
JPMorganChase has accomplished such a long corner in gold on the New York Commodities Exchange that it could force the Comex to default in any of the near-term delivery months, the TF Metals Report's Turd Ferguson writes.
On the other hand, if, as some of us suspect, JPMorganChase trades largely for the U.S. government, its long corner on Comex gold may have been engineered to make sure that nobody but the government itself ever corners the primary monetary metal.
Ferguson's commentary is headlined "By the Short Hairs" and it's posted at the TF Metals Report here:
http://www.tfmetalsreport.com/blog/5400/short-hairs
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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